Government wants Tax payers to disclose True Income
Government wants Tax payers to disclose True Income Government urges all tax Payers to Disclose their True income and pay Appropriate taxes within the Current Financial Year, as per PIB Press Release. 70,000 Letters More...
I-T dept cannot Re-Open the Assessment U/S.147 of the Income Tax Act Arbitrarily, SC
I-T dept cannot Re-Open the Assessment U/S.147 of the Income Tax Act Arbitrarily, SCIn a reprieve to the assessees, the Supreme Court has ruled that the Income-Tax Department cannot re-open the assessment cases More...
New Income Tax Return Forms – Assessment Year 2009-10
New Income Tax Return Forms – Assessment Year 2009-10 The Central Board of Direct Taxes have, vide notification S.O. No.866 (E) dated 27th, March,notified the following new forms for Assessment Year 2009-10 More...
PAN No. mandatory for TDS Returns
TAXPAYERS LIABLE TO TDS / TCS ARE ADVISED TO FURNISH THEIR CORRECT PAN WITH THEIR DEDUCTORS Sept 26 : The government Tuesday said it will not accept tax returns for the quarter ending September 30 and thereafter More...
IT “Refund Banker Scheme” to be extended to other Metros
Refund banker scheme to be extended to Chennai, Kolkata, Mumbai and Banaglore July 12 (PIB Press Release) – The Income Tax Department launched the ‘Refund Banker Scheme’ to issue refunds expeditiously More...
UP Income Tax Lawyers against New Tax Return Forms
Lucknow, June 22 (IANS) The Income Tax Bar Association of Uttar Pradesh is up in arms against the union finance ministry’s decision to replace the traditional ‘SARAL’ form by a new set of forms More...